Diversified Trust Co Decreases Position in Smurfit Westrock PLC $SW

Diversified Trust Co lessened its position in Smurfit Westrock PLC (NYSE:SW) by 24.3% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 44,753 shares of the company’s stock after selling 14,379 shares during the period. Diversified Trust Co’s holdings in Smurfit Westrock were worth $1,783,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in SW. Wahed Invest LLC increased its position in shares of Smurfit Westrock by 1.6% during the fourth quarter. Wahed Invest LLC now owns 13,721 shares of the company’s stock valued at $531,000 after acquiring an additional 221 shares in the last quarter. International Private Wealth Advisors LLC boosted its stake in Smurfit Westrock by 3.5% during the 4th quarter. International Private Wealth Advisors LLC now owns 7,152 shares of the company’s stock valued at $277,000 after purchasing an additional 245 shares during the last quarter. Benjamin Edwards Inc. boosted its stake in Smurfit Westrock by 4.1% during the 2nd quarter. Benjamin Edwards Inc. now owns 6,776 shares of the company’s stock valued at $292,000 after purchasing an additional 264 shares during the last quarter. AXA S.A. increased its holdings in shares of Smurfit Westrock by 1.3% in the 2nd quarter. AXA S.A. now owns 22,283 shares of the company’s stock worth $962,000 after purchasing an additional 285 shares in the last quarter. Finally, Mariner LLC increased its holdings in shares of Smurfit Westrock by 0.9% in the 3rd quarter. Mariner LLC now owns 31,906 shares of the company’s stock worth $1,358,000 after purchasing an additional 294 shares in the last quarter. Hedge funds and other institutional investors own 83.38% of the company’s stock.

Smurfit Westrock Stock Up 2.8%

Smurfit Westrock stock opened at $45.44 on Tuesday. Smurfit Westrock PLC has a one year low of $32.73 and a one year high of $52.65. The stock has a fifty day moving average of $40.92 and a 200 day moving average of $41.43. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.95 and a current ratio of 1.44. The stock has a market cap of $23.83 billion, a PE ratio of 63.11 and a beta of 0.96.

Smurfit Westrock (NYSE:SW) last announced its earnings results on Thursday, April 30th. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.03). Smurfit Westrock had a return on equity of 4.96% and a net margin of 1.22%.The firm had revenue of $7.71 billion during the quarter, compared to analysts’ expectations of $7.57 billion. During the same period in the previous year, the business posted $0.74 earnings per share. The company’s revenue for the quarter was up .7% on a year-over-year basis. As a group, sell-side analysts predict that Smurfit Westrock PLC will post 2.32 EPS for the current year.

Smurfit Westrock Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 15th were given a $0.4523 dividend. The ex-dividend date was Friday, May 15th. This represents a $1.81 annualized dividend and a yield of 4.0%. Smurfit Westrock’s dividend payout ratio (DPR) is presently 251.39%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Weiss Ratings restated a “hold (c)” rating on shares of Smurfit Westrock in a research note on Friday, May 29th. Barclays decreased their target price on Smurfit Westrock from $54.00 to $52.00 and set an “overweight” rating for the company in a research report on Thursday, May 21st. Wells Fargo & Company lowered their target price on shares of Smurfit Westrock from $55.00 to $50.00 and set an “overweight” rating on the stock in a research note on Friday, March 20th. Morgan Stanley restated an “overweight” rating and set a $57.00 target price on shares of Smurfit Westrock in a research note on Wednesday, May 6th. Finally, The Goldman Sachs Group assumed coverage on shares of Smurfit Westrock in a research note on Tuesday, March 24th. They issued a “buy” rating and a $49.00 price target for the company. Ten analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Smurfit Westrock currently has a consensus rating of “Moderate Buy” and a consensus price target of $53.00.

Smurfit Westrock Profile

Smurfit Westrock Plc, together with its subsidiaries, manufactures, distributes, and sells containerboard, corrugated containers, and other paper-based packaging products in Ireland and internationally. The company produces containerboard that it converts into corrugated containers or sells to third parties, as well as produces other types of paper, such as consumer packaging board, sack paper, graphic paper, solid board and graphic board, and other paper-based packaging products, such as consumer packaging, solid board packaging, paper sacks, and other packaging products, including bag-in-box.